Gore Goes: Gore Mutual announces new operating model for auto insurance in Ontario
Cambridge, Ontario — Gore Mutual Insurance Company announced its new operating model for Ontario personal lines automobile and Individually Rated Commercial Auto (IRCA) insurance, on Thursday. The mutual insurer has taken the first step in its strategic transformation with the launch of its national contact centre, designed to provide customers with faster and more efficient […]
Turning Point: New SGI accreditation requirements go into effect July 1
Regina, Saskatchewan — Wednesday, July 1 officially marks the deadline for Saskatchewan collision shops to meet SGI’s new accreditation requirements, part of the province’s Safe and Quality Auto Repair Program (SQARP). Citing “industry fuel efficiency targets and advancements in vehicle automation” as driving factors for updating the collision industry’s accreditation requirements, SGI (Saskatchewan Government Insurance) […]
Cheque Yourself: More than half of Canadians may have missed out on auto insurance discounts amid the pandemic
Toronto, Ontario — Although many Canadians have been driving less throughout the pandemic, more than half did not reach out to their insurer to inquire about discounts or changes to their policies, according to a new survey by RateHub.ca. Only 38 percent of the 1, 300 Canadians who were surveyed said they reached out to […]
Allstate Aboard: Ryan Michel appointed Chair of Board for Insurance Bureau of Canada
Toronto, Ontario — The Insurance Bureau of Canada (IBC) recently elected Ryan Michel, president and CEO of Allstate Insurance Company of Canada as the Chair of its Board of Directors. “Through IBC, we will continue to engage governments and stakeholders to turn challenges into opportunities to benefit Canadian consumers. I look forward to continuing this […]
Rebate Renewal: ICBC issues second COVID-19 rebate
Victoria, British Columbia — ICBC is issuing a second COVID-19 rebate in recognition of lower claims costs due to fewer crashes during the COVID-19 pandemic. ICBC will start distributing rebates averaging $120 per policy in mid-July, returning approximately $350 million in additional rebates to 2.94 million customers. This builds on the first COVID-19 rebate of […]
No Longer Hidden: FSRA warning consumers Hidden Ace Brokerage is not licensed to conduct insurance business in Ontario
Toronto, Ontario —It has come to FSRA’s attention that Hidden Ace Brokerage is conducting an auto insurance business without a licence to sell. The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that Hidden Ace Brokerage is not licensed by the Registered Insurance Brokers of Ontario (RIBO) and is not licensed as […]
A Bigger Slice: Intact completes acquisition of RSA Insurance
Toronto, Ontario — Intact Financial Corporation, one of the largest auto insurance providers in Canada announced today that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc. “Bringing together Intact and RSA will expand our leadership and accelerate our strategy as we continue to focus on outperformance across our business,” […]
Slip-pery Salesman: Alberta insurance agent fined $26,000 for fraudulent insurance certificates
Calgary, Alberta — The Alberta Insurance Council has issued a fine of $26,000 against a former insurance agent found to have issued fraudulent insurance certificates to clients— the majority of which were automobile insurance certficates. The Alberta Insurance Council (AIC) found that insurance agent, Hakan Bahadir, on 52 occasions, “created fraudulent insurance certificates which were […]
Going Solo: Modern Auto Body’s recent Tesla-cert helps shop close in on luxury market
Edmonton, Alberta — The auto insurance situation in Manitoba is in limbo; in British Columbia it seems to be scandal after scandal, and nestled right in between in the capital of Alberta is Modern Auto Body, who has been going it alone in Edmonton for the past 53 years. The Edmonton shop had recently achieved […]
Yea or Nay: Experts thoughts on usage-based auto insurance
Toronto, Ontario — Usage-based auto insurance (UBI), where insurance companies monitor a person’s driving behaviour with telematics and provide discounts for safe driving is starting to gain traction in Canada— but not without skepticism. While lots of people are fine with having their driving habits monitored for a reduction in insurance rates, others are concerned […]
